NOT LISTED FOR SALE

Estimated Value: $2,544,000 - $3,145,927

1 Bed
1 Bath
4,200 Sq Ft
$670/Sq Ft Est. Value

Last Sold January 31, 2017

Last sale price $2,238,000 $533 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $15,796/month

86 Days on Market

Highlights

  • City View
  • Level Lot
  • 4-minute walk to Sheridan Community Park

About This Home

As of January 2017

A clean all concrete/cmu building in a very convenient location. 7 units remodeled in 2009, and remaining unit partially remodeled in 2009. To be conveyed "as is". Please use commercial PSA and Roxanne Olayan of TG-Kahala.

Last Agent to Sell the Property

Carlton Chang

Carlton K L Chang License #RB-09117 Listed on: 10/07/2016

Last Buyer's Agent

Jared Ikeda

Apartment Advisors LLC License #RB-19914

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,422

Year Built

  • Built in 1963

Lot Details

  • 4,970 Sq Ft Lot
  • Level Lot

Home Design

  • Composition Roof

Interior Spaces

  • 4,200 Sq Ft Home
  • 2-Story Property
  • City Views

Parking

  • 6 Parking Spaces
  • Covered Parking
  • Open Parking

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, parking fee
  • Assessor Parcel Number 1-2-3-010-102-0000

Community Details

Overview

  • 8 Units
  • Kakaako Subdivision

Building Details

  • Operating Expense $25,324
  • Net Operating Income $86,276

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,422

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Year Built: 1963
  • CommunityFeatures: None
  • Road Frontage Type: Other
  • MLS Status: Closed
  • Subdivision Name: KAKAAKO
  • Unit Levels: Two
  • Roof: Composition
  • Tax Year: 2016
  • Special Features: None

Interior Features

  • Furnished: Partially
  • Stories: 2

Exterior Features

  • Construction Type: Hollow Tile, Concrete
  • Lot Features: Cleared, Other, Level
  • Property Condition: Average Condition
  • Topography: Level
  • View: City, Sunset, Sunrise
  • View: Yes
  • Disclosures: 1031 Exchange

Garage/Parking

  • Parking Features: Covered, Open
  • Total Parking Spaces: 6.0
  • Open Parking: Yes

Utilities

  • Utilities: Above Ground Utilities, Electricity Available, Natural Gas Available, High Speed Internet Available, Phone Available, Sewer Available, Water Available, Sewer Connected
  • Sewer: Connected
  • Water Source: Public

Lot Info

  • Parcel Number: 1-2-3-010-102-0000
  • Zoning Description: KA - State jurisdiction, refer

Multi Family

  • Number Of Units Total: 8
  • Net Operating Income: 86276.0
  • Annual Operating Expense: 25324.0
  • Tenant Pays: Cable TV, Electricity, Gas, Parking Fee
  • Total Actual Rent: 9050.0

Tax Info

  • Tax Annual Amount: 5421.96

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 7, 2016
Closed on
Jan 25, 2017
Sold by
Kiriki Nobuo
Bought by
Ww Hausten Property Llc
Seller's Agent
Carlton Chang
Carlton K L Chang
Buyer's Agent
Jared Ikeda
Apartment Advisors LLC
List Price
$2,450,000
Sold Price
$2,238,000
Premium/Discount to List
-$212,000
-8.65%
Current Estimated Value
$2,829,270

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$591,270
Avg. Annual Appreciation
2.70%
Original Mortgage
$1,313,996
Outstanding Balance
$1,089,333
Interest Rate
4.16%
Mortgage Type
Commercial
Estimated Equity
$1,726,643

Purchase Details

Closed on
Dec 6, 2010
Sold by
Park Maria Duk
Bought by
Kiriki Nobuo and Nobuo Kiriki Revocable Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
4.18%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 3, 2009
Sold by
Lum Ernest Keong Fat and Lum Evie Siu Ling
Bought by
Park Maria Duk

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$830,000
Interest Rate
5.01%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 13, 2006
Sold by
Lum Ernest Keong Fat
Bought by
Lum Ernest Keong Fat and Lum Evie Siu Ling

Purchase Details

Closed on
Dec 28, 2005
Sold by
Tamura Stanley Yoshiyuki and Tamura Dianne Sayomi
Bought by
Lum Ernest Keong Fat
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Ww Hausten Property Llc $2,238,000 Tg
Ww Hausten Property Llc $2,238,000 Tg
Kiriki Nobuo $1,530,000 Stc
Park Maria Duk -- Itc
Lum Ernest Keong Fat -- Accommodation
Lum Ernest Keong Fat $1,250,000 Multiple
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ww Hausten Property Llc $1,313,996
Closed Ww Hausten Property Llc $1,313,996
Previous Owner Pacific Guardian Life Insurance Company $1,200,000
Previous Owner Kiriki Nobuo $600,000
Previous Owner Park Maria Duk $830,000
Previous Owner Ohana Pacific Bank $50,000
Previous Owner Park Maria Duk $865,000
Previous Owner Pacific Rim Bank $600,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2017 01/31/17 Sold $2,238,000 -8.7% $533 / Sq Ft
01/01/2017 01/01/17 Pending -- -- --
10/07/2016 10/07/16 For Sale $2,450,000 -- $583 / Sq Ft
Source: HiCentral MLS (Honolulu Board of REALTORS®)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,995 $1,716,200 $1,341,900 $374,300
2024 $5,995 $1,712,900 $1,341,900 $371,000
2023 $5,385 $1,708,800 $1,341,900 $366,900
2022 $5,385 $1,538,700 $1,192,800 $345,900
2021 $5,276 $1,507,300 $1,143,100 $364,200
2020 $5,558 $1,588,100 $1,192,800 $395,300
2019 $5,577 $1,593,500 $1,192,800 $400,700
2018 $5,112 $1,460,700 $1,068,600 $392,100
2017 $5,695 $1,627,200 $994,000 $633,200
2016 $5,422 $1,549,200 $919,500 $629,700
2015 $5,115 $1,461,500 $844,900 $616,600
2014 $3,850 $1,352,300 $745,500 $606,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: HiCentral MLS (Honolulu Board of REALTORS®)

MLS Number: 201625662

HiCentral MLS (Honolulu Board of REALTORS®)

APN: 1-2-3-010-102-0000